WOW.....Charleston SC Homes Are Going Under Contract - 226 Last Week!

HOLY COW!!! WOW! Great buying activity!!

Analysis of residential properties under contract during week of 1/20/12-1/26/12
226 residential properties under contract past week.

173 single family homes under contract past wk. Median list price $160k, $92/sqft. 27 under $100k. 8 over $1M.
    61(35%) of 173 single family homes under contract past wk were either foreclosures or short sales.

28 island single family homes under contract past wk. James Island SC -11, John's Island, SC -2, Kiawah Island, SC -1, Seabrook Island, sc -4, Edisto Island, SC -3, Isle of Palms, SC -2, Wild Dunes, SC -3, Daniel Island, SC -2

19 Mt Pleasant sc homes (single family) under contract past wk. Median list price $360k, $144/sqft. 2 below $200k.
    5 (26%) of 19 Mount Pleasant  sc single family homes under contract past wk were either short sales or foreclosures.   

11 James Island sc single family homes under contract past wk LISTED from $150k-$545k. Only 3 above $260. Median      $230k,$132/sqft.
    2(18%) of 11 James Island SC Homes (single family) under contract past wk were either foreclosure or short sales.

18 West Ashley, SC Homes (single family) under contract past wk listed from $89k- $1.5M. Median $158k,$108/sqft. Only 5 above $200k.
    8(44%) of 18 West Ashley single family homes under contract past wk were either foreclosures or short sales.

17 North Charleston SC homes (single family) under contract past wk listed from $12k-$200k. Median $90k,$78/sqft. 1 $140k+.
8(47%) of 17 North Charleston single family homes under contract past wk were either short sales or foreclosures.

9 peninsula Charleston sc homes (single family) under contract past wk listed from $150k- $1.3M. Median $600k. Only 2 under $425k. 3(33%) of 9 were short sales or foreclosures.

44 Summerville/Ladson sc homes  (single family) under contract past wk listed from $29k-$399k. Median $149k,$79/sqft. 5 over $250k.
    18(41%) of 44 Summerville/Ladson sc single family homes under contract past wk were either short sales or foreclosures.

37 Hanahan/Goose Creek/Moncks Corner sc homes (single family) under contract past week listed from $39k-$549k. Median $130k,$76/sqft. 5 over $200k.
    15(41%) of 37 Hanahan/Goose Creek/Moncks Corner sc single family homes under contract past week were either foreclosures or short sales.

50 condo/townhomes under contract in the Charleston SC MLS this past week. 16 listed under $100k. 19 from $100k-$200k. 8 from $215k-$325k. 7 from $350k-$839k. 10 of 50 in Mount Pleasant sc.  22(44%) of 50 condo/townhomes under contract past wk were either foreclosures or short sales.

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